Shenzhen Lavender Enterprise Management Partnership (Limited Partnership) signed an agreement to acquire a 5% stake in Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. (SHSE:603090) from Niu Yuxia for CNY 110 million on March 31, 2022. Shenzhen Lavender Enterprise Management Partnership will acquire 5,000,000 shares at CNY 22 per share.